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Hello Traders today i have selected stock which is market leader in its sector.
-stock is in uptrend and recently crossed its all time high .
-after long uptrend stock had face some consolidation at higher levels and now price get support at previous resistance level
- stock had given some good bounce back after short consolidation
- looks good risk to reward trade😉
Bank Nifty Might go through a short term retracement and continue its bullish move for next week. Seems US elections will settle down as we know who is next president already. SO market should take this positively.
M&M | Triangle - Expecting breakout and could give us 10%
The reason i'm expecting breakout is it has strong weekly support for the last 2 months - Switch to Weekly chart to get more clear view
CMP : 595
SL : 580
Target : 655
1:4 risk reward setup
Short Term Pick: 80/88+ in 2-3 months. Looking at price behaving breakout above 73.50 with confirmation on daily chart looks really good for 80/88+. One can enter around 73.5-74.50 with SL 69. Attractive risk to reward ration and really good time to enter.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult...